News last update:Feb 25, 2016

Large pig farm planned for Russia’s Novgorod Oblast

Pulkovo agricultural holding has announced plans for the construction of the large pig farm in the Perfinsky area of the Novgorod Oblast, according to the press service of the regional government. The project will receive state support in the form of soft bank loans.

The investment cost of the project is estimated to be RUB 2.9 billion (US$ 78 millon). The new pig farm will be designed to accommodate 2,520 of sows and will have the total capacity of 62,000 tonnes of pork production per year.

The soft loan in the total amount of RUB 2 billion (US$ 54 million) will be allocated by state-owned bank – Sberbank Russia.

"We are getting closer to the final decision on the funding of the project. I hope, that the start of works will be launched in early next year," said Dmitri Kurdukov, the chairman of the North-West division of Sberbank Russia.

It is assumed that the pig farm will be launched within 2.5 years. Pulkovo agricultural holding has already a similar pig farm operating in the Novgorod Oblast near Vinny village.

The company owns the number of the agricultural assets in Leningrad, Novgorod and Pskov Oblasts.

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